One of Houston-based Spectra Energy Corp’s (NYSE: SE) largest shareholders is threatening to shake up the company’s board of directors at the 2014 annual meeting if Spectra doesn’t follow through on plans to increase shareholder value.

Analysts seem to have some confidence in Spectra. To begin, last week, shares of Spectra stock shot up 14 percent on news the company would drop down its U.S. transmission and storage assets to Spectra Energy Partners (NYSE: SEP) by the end of 2013.

“Bottom Line: The transaction paves the road for rapid growth at the partnership that could increase enterprise value threefold by the end of 2014,” Raymond James’ analysts in Houston wrote in a Monday update to investors.

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